QLDIn ForceRegulation
Body Corporate and Community Management (Specified Two-lot Schemes Module) Regulation 2011
sec.59Use of insurance money paid under voluntary insurance scheme
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sec.59 Use of insurance money paid under voluntary insurance scheme
If the body corporate receives an amount of insurance money for damage to property under a voluntary insurance scheme, the amount must be paid, subject to the prior claim of a registered mortgagee, to the owner of the damaged property to which the payment relates.